Medical Carts Market Overview:

Global Medical Carts Market is expected to reach at $1,302 million by 2023 from $571 million in 2016, registering a CAGR of 12.4% from 2017 to 2023. A medical cart or trolley is a wheeled cabinet with drawers and trays that is used in various medical, surgical, and therapeutic modalities. These are used widely used across hospitals and clinical settings to keep drugs, tools, equipment, and medical devices for the specified treatment.

Rise in the need for rapid and easy accessibility to medical supplies, improving focus on patient safety, nursing efficiency, and development in advanced technologies, such as telemedicine are some key factors that drive the growth of global medical carts market. Moreover, growth in investment on healthcare infrastructures in rapidly growing countries, such as India and China, foster the demand for medical carts market. However, high cost of customized medical carts, dearth of skilled professionals, and scarcity of funds restrain the market growth especially in the developing countries. In addition, high maintenance of medical carts that needs regular sterilization as carts spread allergies across the hospital restricts the market growth.

Global Medical Carts Market Segmentation

Segment Review

The medical cart market is segmented based on type into anesthesia, emergency, procedure, and other carts. Based on region, medical carts market is divided into North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific Medical Carts, Type (Value and Volume)

China

Rapid economic growth, increase in healthcare expenditure, and hospital reforms drive the medical carts market in China, owing to the aged population and advancement in private & public hospitals. Moreover, the healthcare reform in China is strongly influenced by policies issued at various government levels including, state council, national health, and family planning commission.

The study provides an in-depth analysis, current trends, and future estimations of the global medical carts market to elucidate the imminent investment pockets.

Comprehensive analysis of factors that drive and restrict the market growth is provided.

A quantitative analysis of the industry from 2017 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.

Extensive analysis of key segments of the industry is provided to understand the type of products and indications used globally.

Key market players and their strategies are analyzed to understand the competitive outlook of the market.

Medical Carts Market Key Segments:

By Type

Emergency

Anesthesia

Procedure

Other Carts

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia-Pacific

Japan

China

India

Indonesia

South Korea

Vietnam

Rest of Asia-Pacific

LAMEA

Brazil

Turkey

Saudi Arabia

South Africa

Rest of LAMEA

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The medical carts market is expected to register a significant growth, owing to the increase in hospitalization due to various diseases and injuries. The market has gained momentum due to the introduction of emergency carts, which provides immediate access to medications and equipment in the first thirty minutes of a medical crisis.

Medical carts are necessary in any facility, such as hospitals, outpatient surgical centers, urgent care centers, and others facilities, owing to the provision of immediate and sufficient amount of medications for patients with sudden deterioration rate in health. There are three main types of medical carts, such as emergency, procedure, anesthetic, and other carts. Previously, all medical carts were simpler in structure consisting drawers to store medical equipment and drugs, but nowadays the advanced medical carts feature locking castors, power coated steel panels, worktops made of thermoformed acrylonitrile-butadiene-styrene (ABS), which could be easily cleaned and disinfected. In addition, carts also feature a “pull out” writing pad, and the other type, which is designed to support a laptop with additional mouse support.

Emergency carts consists of on board defibrillators, type E oxygen cylinder holder, cardiac massage board, and others essentials. Furthermore, anesthesia carts include a probe or catheter holder, ampoule holder, and others. Emergency carts dominated the medical carts market during the forecast period as it features many essential drugs, medications, medical devices, and medical instruments, which are easily accessible via carts. In addition, procedure carts are expected to grow with the highest CAGR during the forecast period with wide adoption globally as these carts aid in operating procedures with an easy access to medical tools and vital drugs. Furthermore, in the developing countries, such as China and India, there is an increase in demand for medical carts due to the dense population and the need to provide bedside care and safety quickly. However, high cost of medical carts due to requirement of various modifications, dearth of skilled professionals, and scarcity of funds are factors that restrain the market growth specially in the developing economies. In addition, lack of sterilized medical carts is a key factor that restrains the market growth globally as there are many cases in which the carts have spread allergies across the hospital.

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